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How Do I Invest In Fannie Mae Foreclosures?
Fannie Mae stands for the Federal National Mortgage Association. The acronym is FNMA which may be pronounced Fannie Mae. It was established in 1938 to increase the amount of money available to borrowers to spur the growth of the country. The original intent was to make the cost of owning a home ...
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How Do I Invest In Freddie Mac Foreclosures?
Freddie Mac stands for Federal Home Loan Mortgage Corporation. The acronym is FHLMC which may be pronounced Freddie Mac. It was established in 1970 to stabilize the nations mortgage markets and expand opportunities for homeowners and affordable rental housing. It was also to provide a continuous ...
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Mortgage Foreclosures Getting Worse As Lenders Are Getting Jingle Mail
This can have a domino effect on a neighborhood as foreclosures will devalue the comparative market analysis of homes sold in an area. Many people look at this as selfish, and unruly towards your fellow neighbor, in the sense that you are just bailing on the mortgage. Fannie Mae and Freddie Mac ...
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Home Ownership - American Dream or a Nightmare?
Homeowners are losing their homes to foreclosures nationwide. Where did we go wrong? For many homeowners' the American dream of home ownership has turned into a nightmare. It is a buyer's market today and a good time to own a home; however what can you as a consumer do to avoid your dream turning ...
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Buying a Foreclosed Home
Is it cheaper to rent or to purchase a home? The answer simply is NO! Renting is another way of throwing your hard earned money away. You never see the revenues of those payouts only the home owner. Mortgage prices may be higher, but they are going towards equity in the home that you can retrieve ...
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Property Appraisal Changes You Should Know About
Freddie Mac and Fannie Mae have agreed to only buy mortgages for properties that have had appraisals by firms independent from lenders. This is a huge change for the mortgage industry! This came about because of an agreement between the two largest mortgage brokers and the New York Attorney General ...
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Foreclosure Rates Climb - No End in Sight
The state of the mortgage industry is not looking bright, neither is the outlook for homeowners. While many mortgage lenders are attempting to avoid bankruptcy, many homeowners are trying to avoid foreclosure. Recently, American Home Mortgage filed for bankruptcy protection; so far Countrywide ...
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Where Will I Find Government Foreclosure Listings?
Government foreclosures are properties that have been taken by the government because the purchaser was not able to keep payments up to date on a government mortgage loan, or failed to pay property taxes in a timely manner. To obtain a list of foreclosed properties you should contact your local ...
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Where Can I Find Foreclosure Listings About HUD Homes?
Government foreclosures are properties seized by the government for non payment of mortgages through government programs ? VA, HUD, FHA, etc. These properties are homes, apartments, land or any property where there has been a default on a government sponsored loan. Foreclosure listings, about HUD ...
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House Flipping Laws: Are Real Estate Investors Guilty?
HUD believes that house flippers inflated prices and added laws to protect consumers . Flipping a house, or reselling a property quickly after purchasing, isn't illegal. Because so many house flippers committed mortgage fraud or used predatory lending practices, HUD, the U.S. Department of Housing ...
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